Vermont’s financial regulator says Celsius and its CEO made ‘false and misleading claims’
Celsius “lacked sufficient assets to meet its debts,” although saying it had enough reserves to avoid insolvency The Vermont Department of Financial Regulation (DFR) said Celsius Network and its CEO Alex Mashinsky misled state authorities regarding the company’s financial health and compliance with securities laws. Vermont’s financial regulator claimed in a document filed on Wednesday […]
Wall Street bets on a big rate hike, crypto traders short bitcoin.
Some central bank officials want to see “several months” of low inflation to gain confidence On Wednesday, a number of Federal Reserve members gave indications that the U.S. central bank will keep raising interest rates unless there are definite indicators that inflation is slowing for several months. This week, Bitcoin (BTC) has had a difficult […]
ASA cites 2 reality stars for crypto adverts on Instagram stories
ASA stated the Gale twins couldn’t publish crypto ads “in the form complained about” again, but didn’t ban them from promoting digital assets in future ads. ASA the independent advertising regulator of the United Kingdom upheld a complaint against former Love Island contestants Eve and Jessica Gale for trivializing cryptocurrency investment. In a notice published […]
Swan Bitcoin Enters TradFi with Advisor Platform
The new product lets advisors manage clients’ bitcoin positions and access educational content Swan Bitcoin, a provider of Bitcoin financial services, has announced the launch of a new product aimed squarely at the TradFi market. On Wednesday, the company announced a new service called Swan Advisor Services, which allows financial advisers to facilitate the purchase […]
Bitcoin falls below $19,000, investors sell $350 million everyday.
As the market falls, daily liquidations top $350 billion Bitcoin and the majority of altcoins turn red after the recent market stalemate. Ethereum lost all of its recent gains, momentarily falling below $1,500, while Bitcoin reached a multi-week low. Yesterday was a largely bullish day for the cryptocurrency market, particularly for the altcoins, a number […]